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✉news BusinessBanking first seen 2 h ago, last 56 min ago, peak #25

PBOC strengthens yuan fixing to 6.7399 against dollar

Original: PBOC sets USD/CNY reference rate at 6.7399 vs. 6.7489 previous

China's central bank set the yuan's daily reference rate at 6.7399 to the US dollar, a firmer fixing than the previous day's 6.7489. The daily fix from the People's Bank of China guides onshore trading and is closely watched by currency traders for signals on official policy toward the yuan.

Why now: Traders track the daily PBOC fixing for signals on Chinese currency policy and market direction.

People's Bank of ChinaChinese yuanUS dollar

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